Imposter Cryptocurrency Wallet App Races Up Apple's Store Charts

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Bitcoin apps were very popular in the Apple app store, and one using the name of a completely unrelated cryptocurrency wallet service held the number three position in the finance category.

An illegal app, masquerading as MyEtherWallet.com, one of the internet's most popular services for storing ETH and other crypto coins, has somehow made its way to the top of the iOS App Store charts.

The app's sudden surge in popularity comes as digital currency Bitcoin continues to grow in value, with free Bitcoin exchange app Coinbase dominating the store's free downloads list. The developer listed in the store, Nam Le, has released a few games and a counting app for the Apple Watch.

Of course, this is a fake version, and it's not understood how it actually good into the store.

In a tweet yesterday, the creators of MyEtherWallet said that they have contacted Apple in order to get the app removed. While lots of template-generated apps are generic and don't provide much in the way of functionality for users, many others are created by services that cater to businesses, churches, and other organizations who want to reach their small community with an app without paying the huge cost of creating a custom product. But the $4.99 app, which debuted about a week ago, is not associated with the real MyEtherWallet, a platform that focuses on the cryptocurrency Ethereum and has never offered an official iOS app. Nothing about their previous work indicates that they have experience with encryption, and even if the developer isn't trying to steal personal keys, they're charging $7.99 for the app, while MyEtherWallet.com is free and open-source software (FOSS).

It isn't clear how many downloads the app has gotten, but notes from the most recent update are thankful for users' "early feedbacks".

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